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In 2003, the Jebel Ali Free Zone Authority (JAFZA) introduced regulations for JAFZA offshore companies in the Jebel Ali Free Zone.
JAFZA offshore companies cannot conduct banking or insurance business, making them suitable for French companies seeking international asset holding or investment platforms.
Passport copy Clear copy of valid passport of each shareholder.
Utility bill showing name and address not more than 90 days old For Frence residents applying for offshore setup.
Bank reference letter from any bank or bank statement To verify financials; a letter from an Frence or international bank is acceptable.
CV of the shareholder Detailed resume showing professional background and experience.
Business plan Outline of business activity especially for Franch entrepreneurs targeting the global market.
Filled in application form Standard offshore company registration form filled with correct information.
Any other compliance process as required by authority or registered agent KYC/AML or notarized documents as per Dubai authority guidelines.
Minimum one shareholder is required. An French individual or a foreign entity can serve as the sole shareholder.
A corporate company can also be a shareholder in an offshore company. However, all attested documents are required for a foreign corporate company. French companies can invest as corporate shareholders, provided all incorporation and authorization documents are notarized and attested.
Having a director is a must in an offshore company. Director names are not available in the public domain. You must appoint at least one director. The director’s identity remains confidential and is not listed publicly.
Appointment of secretary is mandatory in JAFZA offshore. A company secretary is mandatory. One person can act as both director and secretary.
Shareholders names are not available on public domain. For privacy and confidentiality, shareholder details are protected and not disclosed publicly.
Minimum one shareholder is required.
A corporate company can also be a shareholder in an offshore company. However, all attested documents are required for a foreign corporate company.
Flyingcolour® assists with all types of company registrations across the United Arab Emirates. We support Mainland, Free Zone, and Offshore company setups in all Emirates of the UAE, and also help with opening bank accounts with leading local banks. Our team works closely with all government departments and financial institutions to ensure a smooth, compliant, and efficient business setup process for French entrepreneurs.